Alpha Company reports $125,636,256 as revenue from ordinary activities and the cost of ordinary activities corresponds to 30% over revenue, what is the gross margin? Select one: a. $42,669,159 b. $37,690,877 c. $87,945,379 d. $21,636,639 e. $39,696,101
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COURSE: ACCOUNTABILITY
Alpha Company reports $125,636,256 as revenue from ordinary activities and the cost of ordinary activities corresponds to 30% over revenue, what is the gross margin?
Select one:
a. $42,669,159
b. $37,690,877
c. $87,945,379
d. $21,636,639
e. $39,696,101
Step by step
Solved in 2 steps
- Please answer very fast then i ll upvote Calculate EBIT. Revenue 1,061,751.0 Cost of sales 690,135.0 Selling, general and administration 53,087.0 Other income 11,796.0 Operating income 330,325.0 Interest expense 19,874.0 Profit before tax 310,451.0 Tax expense 46,500.0 Net income 263,951.0 The footnotes mention the following: Cost of sales includes inventory write off costs 39,677.0 Cost of sales includes distribution costs 120,458.0 SG&A includes corporate restructuring expenses 15,570.0 Responses 385,572.0 275,078.0 330,325.0 506,030.0b. Assume that more than one product is being sold in each of the four following case situations:AverageContribution Net OperatingVariable Margin Fixed IncomeCase Sales Expenses Ratio Expenses (Loss)1 ........................ $500,000 ? 20% ? $7,0002 ........................ $400,000 $260,000 ? $100,000 ?3 ........................ ? ? 60% $130,000 $20,0004 ........................ $600,000 $420,000 ? ? $(5,000)Calculate the gross and net profits (in $) and the two profit margins (as %s) for the given company. (Round profit margins to the nearest tenth of a percent.) Company Net Sales Cost ofGoods Sold GrossProfit OperatingExpenses Net Profit Gross ProfitMargin (%) Net ProfitMargin (%) an optometry store $327,735 $201,655 $ $83,921 $ % %
- PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS 10.- The company El Invierno, S.A., presents the following information for you to calculate its accounting and cash profit: Total Sales................................. $ 1'345,670.20 Cost of Sales.............................. $ 702,875.95 Operating Expenses: Wages and salaries.......... $149,516.40 Rent................................. 69,250.50 Commissions.................... 320,000.00 Depreciation.............. 114,129.32 $ 652,896.22 Sales, purchases and expenses were made in cash. Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.Nottage Company has four separate operating segments:What revenue amount must one customer generate before it must be identified as a major customer?a. $39,600b. $42,200c. $46,500d. $49,200Given: The Company showed Cost of Goods Sold amounting to P645,750 and its gross profit rate is 40%. The total expenses was P559,400. Required: What is the net profit or net loss of the company. Select the correct response:
- Remember: Gross profit = SP- CP Activity 1.2 enti Complete the following table: Table 1.2: Finding the cost price, the gross profit or the selling price No Cast price Gross prafit Selling price 1.2.1 R5 600 R8 700 1.2.2 R3 400 30% 1.2.3 R6 800 R12 700 1.2.4 R17 500 R35 000 The owner of an enterprise has to calculate both the gross and the net profit. A business has certain operating expenses thai must be deducied from the gross profit to get the net profit. Examples of operating expenses are: • Salaries Wages • Rent paid/rent expense • Advertisements • Stationery. The cost of advertising the business is one example of an operating expense. Gross profit minaş operating expenses equals net profit."Calculate the gross and net profits (in $) and the two profit margins (as %s) for the given company. (Round profit margins to the nearest tenth of a percent.) Gross Profit Margin (%) 38.43 % Company Net Sales an optometry store $340,735 Cost of Goods Sold $209,655 $ Gross Profit Operating Expenses $83,921 Net Profit $ 47,159 ✓ Net Profit Margin (%) %Margin, Turnover, Return on Investment Pelak Company had sales of $5,003,000, expenses of $4,607,000, and average operating assets of $4,840,000. Required: 1. Compute the operating income.$ 2. Compute the margin (as a percent) and turnover ratio. If required, round your answers to one decimal place. Margin % Turnover 3. Compute the ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places.%
- then the gross profit margin M = M(G, T) is given by the formula M = GT. Use functional notation to express the gross profit margin for a company that has a gross profit of $355,000 and a total revenue of $510,000Complete a profit-and-loss statement: (Round dollar values to nearest dollar; show percents correct to 2 decimal places). Make sure to include all 5 components of a profit- and-loss statement in the order and show both $ and %. $4 Net Sales $178,000 A = COGS $87,932 B = Gross Margin C = D = Expenses $81,880 E = Profit F = G =Income Statement Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 53,000 units will be produced with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead Beginning Ending ? Next year, Bob's Bistro expects to purchase $126,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Inventory $5,000 $4,900 $73,000 27,000 230,000 Work-in-Process Inventory $13,700 $15,700 Next year, Bob's Bistro expects to produce 53,000 units and sell 52,300 units at a price of $13.00 each. Beginning inventory of finished goods is $47,500, and ending inventory of finished goods is expected to be $39,000. Total selling expense is projected at $22,000, and total administrative expense is projected at $117,500. Required: 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For…